Money Peach TV Episode 006: From Emergency to Emergency Fund

Posted Aug 17, 2016 | Updated May 23, 2019

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EP006 From Emergency to Emergency Fund

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When is the Absolute Worst Time to Go Further into Debt?

How about when you are having a financial emergency.

I talk about this more inside this week’s episode of Money Peach TV, but the fact is every single one of us is going to experience a financial emergency. The thing about emergencies is we can’t predict when they will happen….which is why they are called emergencies, right?!

Here are some facts:

70% of people are living paycheck to paycheck
6 out of 10 people cannot write a check for $1,000
The #1 stress among people is financial worry
The #1 cause of divorce in North America is related to financial problems

What if you could lessen that stress with money? What would it feel like to actually have money the next time an unexpected medical bill pops up? How much better would life be when your hot water heater goes out and you simply go out and pay CASH for another one?

In this week’s episode of Money Peach TV, you are going to learn:

How much of an emergency fund do you need?
Where should you park your emergency fund?
The difference between a little starter emergency fund and a fully funded emergency fund.
Wants vs needs of an emergency fund.
Some hard and fast rules of emergency funds based on your income.

The first step to solving your problems with money is to take back control of your money. This always starts with the Budget.

Download the Budget

You were not designed to wake up and stress about money for the rest of your life. Money touches every aspect of our lives, so why not do something about it?

Get your emergency fund up and running and I promise you will FEEL the difference. There’s a better plan for you and your money. All you have to do is make that change.

Thanks so much for watching Money Peach TV!

-Chris Peach

Please Leave me a Review in iTunes!

You would be helping me out more than you know if you wouldn’t mind leaving me a Review in iTunes. This will help promote the show and reach more people out there looking to take back control of their money.

Thanks so much!

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Mentioned in this Episode

5 Steps to an Emergency Fund

Who Really Needs an Emergency Fund?

Park Your Emergency Fund Here

Awesome Money Course

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Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.